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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?


To: Jay D. who wrote (115)2/5/1998 5:11:00 PM
From: Kent C.  Respond to of 8858
 
Internet Gaming Supporters
Would Rather be Taxed
Gambling Regulation, Not Ban

"Right now we're helping Costa Rica. We're paying Costa Rican taxes. We're employing Costa Ricans. We'd like to come home."
- Christine Walton, Global Sports Connection

The Associated Press
W A S H I N G T O N, Feb 4 - Proponents of internet gambling want to see their industry legalized in the United States even if it means having their profits taxed.
Internet gambling supporters testified before the House Judiciary crime subcommittee today, which is considering a bill that would allow states to outlaw such gambling.
"Right now we're helping Costa Rica. We're paying Costa Rican taxes. We're employing Costa Ricans. We'd like to come home," said Christine Walton, who represents Global Sports Connection, an Internet gambling company that two Cleveland natives run in San Jose, Costa Rica.

Currently `Free For All'
Rep. Frank LoBiondo, R-N.J., sponsor of the bill, called the situation a "virtual free-for-all" that is an open invitation to crime and corruption.
Whether Internet gambling is legal under U.S. law is a matter of debate. For that reason, virtually all the estimated 130 cyber-gambling sites now in operation are based outside the United States in places like the Caribbean and Central America, said Sue Schneider, chairwoman of the Interactive Gaming Council.
Testifying in support of the bill, anti-gambling activist Bernard P. Horn said accepting bets from a home computer encourages underage gambling, creates an opening for organized crime and increases the threat of compulsive gambling.
abcnews.com



To: Jay D. who wrote (115)2/7/1998 9:43:00 AM
From: Gator  Respond to of 8858
 
Jay, When I try to open it for Real Audio it tells me it's not in Real Audio format...I saved the file, it's name is 2-2.ram, when I brought up the DOS editor it only shows the following in the file - www.netins.net/showcase/brassinfo/

??? I will keep trying...Later...Gator



To: Jay D. who wrote (115)2/7/1998 12:41:00 PM
From: Gator  Read Replies (2) | Respond to of 8858
 
Jay, OK here goes: 1) They are targeting Europe and Asia till US issues are clarified, however will not discourage US players. 2) Governments are changing there attitudes, i.e., Australia now issuing Internet Gambling Licences. The only logical thing is to regulate and tax, though officials are concerned it actually is easier to regulate than the cash casino business. 3) Effort is 50/50 on being a gaming operator / Licensor that provides software and the infrastructure. 4) Expect to launch new versions of software every quarter using the internet to distribute and update, much faster than traditional channels. 5) 22 million shares out standing. 6) Expecting substantial revenues by next couple of quarters. 6) Major negotiations with US and European Race Tracks. Will be able to replace satellite broadcasts by providing real audio/video feed via Internet, potential 24 hours per day 7 days a week.

Really liked what I heard... :> Probably will average down and buy some more...

Later...Gator